Mechanism Capital co-founder: Altcoins will bottom out at some point in 2025

Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, wrote on X that the market value of altcoins (and ETH) should hit new highs in the new cycle, but this is not the case. Even if Bitcoin hits a new high, it does not mean that altcoins will keep up. This is the first cycle in which the market value of altcoins hits lower highs. Altcoins will bottom out at some point in 2025, and the next wave will be driven by tokens related to decentralized AI infrastructure. AGI will require unstoppable communication, value transfer, training, computing/inference, energy markets, and data storage tracks.